Aquatic Capital Management LLC bought a new position in NexGen Energy Ltd. (NYSE:NXE - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 122,424 shares of the company's stock, valued at approximately $808,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in NXE. PNC Financial Services Group Inc. lifted its position in shares of NexGen Energy by 284.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock valued at $33,000 after acquiring an additional 3,700 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of NexGen Energy during the fourth quarter valued at $51,000. Mariner LLC acquired a new position in shares of NexGen Energy in the 4th quarter valued at $68,000. Silver Lake Advisory LLC purchased a new position in NexGen Energy in the 4th quarter worth about $73,000. Finally, Matauro LLC acquired a new stake in NexGen Energy during the 4th quarter worth about $84,000. 42.43% of the stock is owned by institutional investors and hedge funds.
NexGen Energy Price Performance
NXE traded down $0.02 on Tuesday, reaching $5.23. 1,693,216 shares of the company traded hands, compared to its average volume of 6,972,781. NexGen Energy Ltd. has a 52-week low of $3.91 and a 52-week high of $8.96. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 34.84 and a beta of 1.50. The stock's 50 day moving average price is $4.79 and its 200-day moving average price is $6.33.
Wall Street Analyst Weigh In
Several research analysts have commented on NXE shares. Raymond James reiterated an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, Stifel Nicolaus initiated coverage on NexGen Energy in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. Three analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Strong Buy".
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NexGen Energy Profile
(
Free Report)
NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.
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